Worldline Sa · EURONEXT:WLN
Worldline Sa — Q1 2021 Earnings Presentation
20 slides from Worldline Sa's earnings presentation, Apr 21, 2021
Slide 1: Q1 2021 Revenue
Q1 2021 REVENUE WEDNESDAY APRIL 21, 2021 © Worldline
Slide 2: Disclaimer
DISCLAIMER This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These r
Slide 3: Highlights Q1 2021
HIGHLIGHTS Q1 2021 GILLES GRAPINET Chairman & CEO MARC-HENRI DESPORTES Deputy CEO Wednesday April 21st, 2021 | Worldline Q1 2021 revenue | © Worldline
Slide 4: Q1 2021 Highlights
Q1 2021 HIGHLIGHTS Q1’20 FULLY IN LINE INGENICO INTEGRATION ON-TRACK WITH EXPECTATIONS TO DELIVER EXPECTED SYNERGIES Organic growth of –9.0% 2/3rd of Ingenico €66m planned synergies impacted by 3rd wave of Covid-19 lockdowns in 2021 already secured in Worldline key countries as anticipated FY 2021 G
Slide 5: Covid-19 Situation
COVID-19 SITUATION IMPACT ON WORLDLINE TRANSACTION ACTIVITIES Stores Wave 1 Stores Wave 2 Wave 3 Pre-Covid Strict overall lockdowns Non-essential retail and bars More differentiated and Reintroduction of situation and borders closure & restaurants opened flexible lockdowns tighter lockdowns B100 (Tx
Slide 6: Worldline European Exposure: Current Status in Our Key Countries
WORLDLINE EUROPEAN EXPOSURE CURRENT STATUS IN OUR KEY COUNTRIES Q1 2021 Q2 2021 Current Status Q1-Q2 Non-essential Non-essential Lockdowns Lockdowns Overview Trend Retail Retail • 4 weeks lockdown starting April 4th France • NER closed until May • Lockdown extension to April 18th ➔ Germany • NER r
Slide 7: Worldline European Exposure: Vaccinations Supporting Progressive Recovery
WORLDLINE EUROPEAN EXPOSURE VACCINATIONS SUPPORTING PROGRESSIVE RECOVERY Vaccination rate Acceleration of vaccination (% of population having received 1st dose in Worldline key countries) campaigns as per EU governments’ targets 60-70% 18% of population already vaccinated in Worldline key countries
Slide 8: FY 2021 Revenue Scenario Confirmed
FY 2021 REVENUE SCENARIO CONFIRMED GRADUAL RECOVERY IN H1, ACCELERATION IN H2 H1 2021 H2 2021 ▪ Severe governmental domestic restrictions during Q1’21 including lockdowns of non-essential merchants, curfew ▪ Ease of domestic restrictions with end of lockdowns for and border restrictions non-essentia
Slide 9: FY 2021 Guidance Confirmed
FY 2021 GUIDANCE CONFIRMED ORGANIC REVENUE A least mid-single digit growth* OMDA c. +200 bps improvement vs proforma OMDA margin** FREE CASH FLOW c. 50% OMDA conversion rate * Organic revenue guidance based on business assumptions presented on slide 22 ** Proforma OMDA margin of 23.9% (Worldline + I
Slide 10: Q1 2021 Revenue: Business Lines Performance
Q1 2021 REVENUE BUSINESS LINES PERFORMANCE ERIC HEURTAUX Group CFO Wednesday April 21st, 2021 | Worldline Q1 2021 revenue | © Worldline
Slide 11: Q1 2021 Revenue Performance: Global Business Lines Overview
Q1 2021 REVENUE PERFORMANCE GLOBAL BUSINESS LINES OVERVIEW Q1’21 Group Revenue Q1’21 Group Revenue / GBL Organic In € million Q1 2021 Q1 2020* Growth 8% Merchant Services 517 566 -8.7% Financial Services 216 221 -2.4% 25% 48% Terminals, Solutions & Services 266 318 -16.5% Mobility & e-Transactional
Slide 12: Merchant Services
MERCHANT SERVICES COMMERCIAL ACTIVITY: Q1’21 ACHIEVEMENTS Competitive acquiring service in Benelux, France and Germany based on Worldline’s pan-European solution €517m revenues Reporting and system connectivity supported by advanced Nexo integration -8.7% organic growth REVENUE: €517M WITH A 8.7% OR
Slide 13: Financial Services
FINANCIAL SERVICES COMMERCIAL ACTIVITY: Q1’21 ACHIEVEMENTS 5-year extension of the current service agreement for processing of the new Visa debit card via its API €216m revenues based WL Extended Issuing service Value-added services offering based on a multi-stage switchover -2.4% organic growth and
Slide 14: Terminals, Solutions & Services
TERMINALS, SOLUTIONS & SERVICES COMMERCIAL ACTIVITY: Q1’21 ACHIEVEMENTS ▪ 16 foundational partners onboarded in the PPaaS project to co-design and test the solution, with: €266m revenues ▪ 4 Top acquirers of global PSPs -16.5% organic growth ▪ 12 payment players and Fintechs REVENUE: €265.9M WITH A
Slide 15: Mobility & e-Transactional Services
MOBILITY & E-TRANSACTIONAL SERVICES COMMERCIAL ACTIVITY: Q1’21 ACHIEVEMENTS E-ticketing contract facilitating intermodality between the various regional transport networks €82m revenues Platform development to be used forward to access other -0.6% organic growth services such as e-administration or
Slide 16: Conclusion Q1 2021
CONCLUSION Q1 2021 GILLES GRAPINET Chairman & CEO Wednesday April 21st, 2021 | Worldline Q1 2021 revenue | © Worldline
Slide 17: TRUST 2020: Successful CSR Transformation Program
TRUST 2020 SUCCESSFUL CSR TRANSFORMATION PROGRAM RECOGNITION LAUNCH TRUST 2020 FROM 3rd PARTY OF EXECUTION STAKEHOLDERS TRUST 2025 ▪ TOP 1% of the best sustainable Strong execution of TRUST 2020 ▪ New 5-year CSR Transformation companies in all sectors with key achievements programme ▪ 14th position
Slide 18: Q1 2021 Key Take-aways: Roadmap 2021 in Execution
Q1 2021 KEY TAKE-AWAYS ROADMAP 2021 IN EXECUTION Accelerate strongly organic growth upon normalization of the health situation GUIDANCE Deliver our synergies roadmap as fast as possible, EXECUTION with 2/3rd of Ingenico 2021 synergies already secured Complete the strategic review of the terminal act
Slide 19: The European Leader in Payments: Q&A Session
THE EUROPEAN LEADER IN PAYMENTS Q&A SESSION #1 #3 MERCHANT EUROPEAN ACQUIRER PROVIDER IN CONTINENTAL OF E- & M- PAYMENT EUROPE SOLUTIONS #1 #4 EUROPEAN GLOBAL PLAYER PAYMENT (in revenue) PROCESSOR c. € 5 bn 20,000+ 50+ c. 1,200 >1 m c. 35 m c. € 400 bn REVENUE WORLDLINERS COUNTRIES FINANCIAL INSTITU
Slide 20: Thank You
THANK YOU ▪ FOR MORE INFORMATION, ▪ PLEASE CONTACT: Laurent Marie Benoit d’Amécourt M +33 7 84 50 18 90 M +33 6 75 51 41 47 [email protected] [email protected] © Worldline